On the occasion of the expert hearing on 21 February in the Committee for Climate Protection and Energy in the German Bundestag on the draft bill for a third law to amend the Energy Industry Act with regulations for the financing of the core network, Barbara Fischer, FNB Gas Managing Director, once again emphasises the need for the financing model to be capital market-capable.
The transmission system operators (TSOs) and the Federal Government agree that the H2 infrastructure in Germany should be financed by the private sector.
To this end, the draft legislation presents a financing model that is fundamentally viable. Accordingly, the necessary private capital can only be mobilised if it is also considered by investors to be suitable for the capital market and the investment conditions are at least no worse than for investments in other infrastructure areas. For example, there is currently a higher interest rate for electricity, without ramp-up risk and without retention risk.
"In order not to jeopardise the success of core grid planning to date, a few decisive changes to the draft legislation are necessary from an investor's perspective. The main aim here is to improve the risk assessment for investors. Reducing the risks includes lowering the deductible to 15 % and removing the conversion lines from the deductible regulation. The grid operators' conditional obligation to sell must be supplemented by an unconditional right of the grid operators to sell in the event that the market ramp-up fails. A contract under public law would increase legal certainty."
Details on the need for adjustment can be found in the statement.
(Quelle: FNB Gas)
